Finding the Best and Reliable Drilling Equipment Rental

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Rentals of oilfield equipment are a good way to beat costs and help improve operational efficiency by utilizing the latest equipment. Instead of shelling out huge amounts of cash on brand new items, it makes a lot of sense to go in for drilling equipment rentals. However, it is important to note that finding the right equipment and getting the best deal is as important as the decision to go in for rentals.  Here are a few quick facts that will help to make the right choice for finding and opting for the best and most reliable drilling equipment on rent.

Executing contracts faster through drilling equipment rentals

With the right kind of equipment, it is possible to execute projects faster. Rather than having to maintain an extensive inventory of equipment that may not be used all the time, it is best to maintain a fixed inventory and opt for rentals to meet the shortfalls and execute projects faster. New extraction techniques and complicated drilling operations may demand the use of the latest equipment. Upstream oil and gas equipment will be necessary to execute contracts.

Maintain equipment in better condition

Maintenance is very important in equipment, especially in oilfield operations which need to continue smoothly and seamlessly over long periods of time. Maintenance might turn out to be an issue if a large fleet of vehicles and equipment are used for operations. Renting equipment helps to meet the maintenance requirements as the agency that rents out the machines will have a team of technicians to maintain the equipment. It is important to choose an organization that maintains equipment in the best condition through a dedicated team. Various maintenance schedules will typically form part of the operations of a good rental service.

Cutting risk and capex

Investing in equipment involves Capex, not to mention the element of risk involved. Acquisition of equipment is inevitably done in advance and not after the bagging of an order or contract. Investments are typically made with the assumption that orders will follow and if an expected order does not come through, the investment will not offer the expected ROI. A rental, on the other hand, can be undertaken on bagging of the contract or the order. This helps to keep expenditure at minimum levels, thereby improving overall financial health of the business.

Additionally, there is less risk, greater flexibility and lesser maintenance issues. Breakdowns would certainly be a lot lesser as the rented equipment would be operational and maintained. This also results in reduced downtime. With rental equipment, it is possible to mix and match the equipment and choose equipment that are most suited for the tasks. An organization may possess the expertise to carry out a contract but may not have the flexibility of choosing the most suitable equipment if the equipment goes into the inventory of procured equipment. With rentals, it is possible to pick and choose and execute projects with greater operational efficiency.

About The Company:

Waters International deals in sale of new and used oilfield drilling equipment. When you need it fast and you need it right, you can count on Waters. For almost half a century, Waters International has been the company to call for dependable new and reconditioned capital drilling equipment.